EuroDry Ltd.
Find Ratings ReportsEURODRY LTD's gross profit margin for the fourth quarter of its fiscal year 2023 has decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. EURODRY LTD has weak liquidity. Currently, the Quick Ratio is 0.77 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 3.75% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 16.87 | 16.08 |
EBITDA ($mil) | 6.62 | 7.29 |
EBIT ($mil) | 3.38 | 4.72 |
Net Income ($mil) | 0.35 | 6.27 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 10.8 | 35.24 |
Total Assets ($mil) | 231.05 | 199.51 |
Total Debt ($mil) | 103.93 | 81.22 |
Equity ($mil) | 109.66 | 113.94 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 52.23 | 55.8 |
EBITDA Margin | 39.23 | 45.33 |
Operating Margin | 20.05 | 29.33 |
Sales Turnover | 0.22 | 0.37 |
Return on Assets | -1.25 | 16.81 |
Return on Equity | -2.65 | 29.44 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.95 | 1.76 |
Debt/Capital | 0.49 | 0.42 |
Interest Expense | 2.29 | 1.38 |
Interest Coverage | 1.48 | 3.41 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 2.83 | 2.9 |
Div / share | 0.0 | 0.0 |
EPS | 0.13 | 2.2 |
Book value / share | 38.72 | 39.25 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 10798.0 | 8120.0 |
HOLD. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 0.59 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 4.67. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. After reviewing these and other key valuation criteria, EURODRY LTD proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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EDRY NM | Peers 19.67 | EDRY 5.46 | Peers 5.71 | |||||||||||||||||||||
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. EDRY's P/E is negative making this valuation measure meaningless. |
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. EDRY is trading at a valuation on par to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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EDRY 7.92 | Peers 8.38 | EDRY NA | Peers 0.94 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. EDRY is trading at a significant premium to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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EDRY 0.59 | Peers 4.67 | EDRY -108.96 | Peers 128.83 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. EDRY is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, EDRY is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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EDRY 1.28 | Peers 1.81 | EDRY -32.37 | Peers 47.97 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. EDRY is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. EDRY significantly trails its peers on the basis of sales growth. |
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